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Mallinckrodt (MNK) Announces 2016 AGM Results; Approves Additional $350M Stock Buyback
March 17, 2016 6:41 AM EDTMallinckrodt plc (NYSE: MNK) announced the results from yesterday's 2016 Annual General Meeting. At the meeting, shareholders elected all 11 nominees to the Board of Directors, each of whom previously served on Mallinckrodt's Board. Among other matters concluded at the meeting, shareholders also approved the company's employee stock purchase plan, re-appointment of Deloitte & Touche LLP to serve as the company's independent auditors and, in an advisory vote, approved the company's executive compensation.
Reflecting its strong current performance and future prospects, Mallinckrodt's Board of Directors also authorized an incremental $350 million repurchase of ordinary shares. This authorization... More
Nomura Securities Remains bullish on Oracle (ORCL) Following Slight EPS Beat
March 16, 2016 9:39 AM EDTNomura Securities reiterated a Buy rating and $44.00 price target on Oracle (NYSE: ORCL) following the company's 3Q earnings report. Oracle reported F3Q16 non-GAAP operating margins of 42.4%, in line with Street expectations. Non-GAAP EPS of $0.64 was slightly above the Street estimate of $0.62, and would have... More
Chipotle's (CMG) Traffic Improvement in Feb. More Significant than Comps Suggest - BTIG
March 16, 2016 9:12 AM EDTBTIG affirms Chipotle Mexican Grill (NYSE: CMG) with a Buy rating and $530 price target following CMG's sales update on Tuesday night.
Analyst Peter Saleh summarized: While on the surface the same-store sales results for February and March are disappointing, we believe investors... More
